What does my ID and proof of funds have anything to do with my conveyancing in Abertridwr? Why is this being asked of me?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Abertridwr. Nowadays you can not proceed with any conveyancing deal without first providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of the source of funds is necessary in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must retain this information on file. Your Abertridwr conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional questions concerning the origin of monies.
I am buying a 3 bedroom semi in Abertridwr. The intention is to an extension at the rear at the property.Will the conveyancing process include checks to see if these alterations are prohibited?
Your property lawyer should review the deeds as conveyancing in Abertridwr will on occasion identify restrictions in the title deeds which prevent categories of works or require the permission of another owner. Certain works call for local authority planning permissions and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
Is it correct that all Abertridwr CQS (Conveyancing Quality Scheme) solicitors are on the Barclays conveyancing list of approved firms?
It is true that some lenders now make use of CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
About to purchase maisonette in Abertridwr. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Abertridwr conveyancer is on the Barclays conveyancing panel.
I have been told that property searches are a common reason for obstruction in Abertridwr conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Abertridwr.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Abertridwr?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Abertridwr. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey carried out on a property in Abertridwr ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks tend refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Abertridwr. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Abertridwr to see if the conveyancing costs will increase in light of this.
My wife and I purchased a leasehold house in Abertridwr. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Abertridwr who previously acted has now retired. Do I pay?
First make enquiries of the Land Registry to make sure that this person is in fact the new freeholder. There is no need to incur the fees of a Abertridwr conveyancing lawyer to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Abertridwr Conveyancing for Leasehold Flats - Examples of Queries before buying
It would be wise to find out as much as possible about the company managing the block as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to practical matters such as the cleanliness of the communal areas. Ask prospective neighbours if they are happy with them. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what it includes. Be sure to find out if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being permitted in certain buildings in Abertridwr. If you like the apartmentin Abertridwr but your cat is not allowed to make the move with you then you will be faced hard determination. Best to be warned whether redecorating or some other significant cost is anticipated that will be shared between the leasehold owners and may well dramatically increase the the maintenance fees or require a specific invoice.